Procurement Specialist

Responsibilities

Identify, evaluate, and select suppliers based on cost, quality, and reliability criteria.Negotiate contracts, pricing, and terms with suppliers to ensure optimal agreements.Process purchase requisitions and create purchase orders in line with business requirements.Ensure timely delivery by following up with vendors and suppliers.Track inventory levels and coordinate with warehouse teams to ensure sufficient stock is maintained.Identify stock shortages and initiate timely orders to avoid production delays or stock outlooks.Monitor spending to ensure it remains within the allocated procurement budget.Identify opportunities for cost reduction and negotiate better pricing terms with suppliers.Ensure that all procurement activities are compliant with company policies and legal regulations.Review, draft, and finalize contracts with vendors, working closely with the legal department for any legal review.Assess and monitor supplier performance regularly to ensure they meet quality and delivery standards.Provide feedback to vendors and escalate any performance issues to management.Collaborate with internal teams (e.g., finance, legal, operations) to ensure smooth procurement processes.Support production, logistics, and other departments with procurement-related needs and materials.Conduct market research to identify new suppliers and assess industry trends.Participate in strategic sourcing initiatives to improve supply chain efficiency.

Requirements

Minimum 2-4 years of experience in procurement function.Excellent communication, interpersonal and negotiation skillsProficiency in Microsoft Office and with business application software, purchasing and resource planning systemsContracts knowledgeWritten and Verbal English proficiency is important.